
| 本书是有关兼并与收购的权威之作! 兼并与收购是发生在现代经济社会中最有意义的经济活动之一。对公司个体而言,并购的经济作用在于通过参与并适应变革,从而帮助公司获得新的竞争优势或维持原有的竞争优势。就经济学而言,并购活动有助于促进资源从低效到高效的配置。然而,相当多的并购活动却无法弥补最初的投资成本。本书致力于解释兼并与收购活动的作用,并帮助管理者更有效率地执行并购战略。 |
| J.Fred Weston 加州大学洛杉矶分校安德森学院教授,美国最具权威的金融学家之一。他于1949年在加州大学洛杉矶分校开始金融学的教学生涯,1958—1986年,一直是该校金融学领域和经济学领域的学术领袖。曾担任美国金融学学会、西方经济学学会和金融管理学学会的会长。近年来其学术活动集中在并购领域。 |
| SHORT CASES AND COMPANY EXAMPLES IN TEXT XXV PREFACE XXIX PART Ⅰ: TAKEOVERS AND MERGERS IN PRACTICE CHAPTER 1 The Takeover Process Change Forces Issus Raised by M&AActivity Merger and Tender Offer Terminology Types of Mergers from an Economic Standpoint Horizontal Mergers Vertical Mergers Conglomerate Mergers Mergers in a Legal Framework The Nature of Tender Offers Risk A rbitrage in M&A Activity Illustrative Example The Nature of the Arbitrage Business Arbitrage Funds Summary Questions Appendix A:Merger Process Information in Proxy Statements Appendix B:The AOL and Time Warner Merger CHAPTER 2 The Legal and Regulatory Framework The Main Securities Laws Federal Securities Laws The Operation of the Securities Acts Tender Offer Regulation-The Williams Act Section 13 Section 14 Insider Trading Overviewc The Racketeer Influenced and Corrupt Organizations Act of 1970(RICO) Court Cases and SEC Rules Liability Under Rule 10b-5 of the 1934 Act Other Disclosure Requirements Disclosure Requirements of Stock Exchanges Disclosure of Merger Talks …… PART Ⅱ: M&As-THEORIES AND EMPIRICAL TESTS PART Ⅲ: VALUATION-THE STRATEGIC PERSPECTIVE PART Ⅳ: RESTRUCTURING PART Ⅴ: M&A STRATEGIES PART Ⅵ: STRATEGIES FOR CREATING VALUE GLOSSARY AUTHOR INDEX SUBJECT INDEX |
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